Farmers Bank
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Basel –III Market Disclosure

Schedule of Charges (Common):

 

1. General Banking :
Services
Nature of Charge
Revised/Existing Rate of Commission/ Charges
  Collection
1.1 1.1(i) Collection of Local Cheque/Bill/Draft
Charge
i) Where there is a Clearing House - Free
ii). Where there is no clearing house- conveyance at actual, but minimum BDT 50.00.
1.1(ii) Cheque returned unpaid from Clearing House
Charge
BDT 250.00 (flat) per instance from the account of the depositor of cheque.
1.1(iii)

Bounced cheque drawn on us(cash, clearing or transfer)

Charge
BDT 250.00 (flat) per instance from the account of the Drawer of cheque.
1.1(iv) Collection of Outstation cheques/ Bills/ Drafts (Clean/Documentary including IBPs)*
Commission
i) Up to BDT 25,000.00 @ 0.20%, but minimum BDT 50.00.
ii) From BDT 25,001 to BDT 1.00 lac- @ 0.20%, but minimum BDT 100.00
iii) From BDT 1,00,001 to BDT 5.00 lac- @ 0.15%, but minimum BDT 200.00
iv) Above BDT 5,00,000.00- @ 0.10%, but minimum BDT 750.00, maximum BDT 5,000.00
1.1 (v) Postage ( Registered/Courier)
Charges
BDT 25.00
1.1 (vi) Telephone
Charges
Local- BDT 5.00 per minute, but minimum BDT 10.00 Overseas BDT 15.00 per minute, but minimum BDT 50.00.
1.2 (a) Issue of Chaque Books (NON MICR Cheque Book)
1.2a(i) Current Account/Short Notice Deposits
Charges
BDT 2.00 per leaf of cheque book for all types of account
1.2a(ii) Saving Account
Charges
BDT 2.00 per leaf of cheque book for all types of account
1.2a(iii) Issue of  new cheque book in case of lost one
Service Charge
BDT 100.00
(b) Issue of MICR Cheque Books
1.2(i) Current Account / Short Notice Deposits Account / Loan Accounts
Charges
BDT 3.00 per leaf of cheque book for all types of account
1.2(ii) Saving Account
Charges
1.2(iii) Issue of new cheque book in case of lost one
Service Charge
BDT 100.00s

 

Note: * Commission on Collection of Outstation Cheques/Bill/Draft will not be applicable for institutional account.

 

Service
Nature of Charge
Revised/Existing Rate of Commission/Charges
1.3 Account Closing chargesssssss
1.3 (i) STD/CD
Service Charge
BDT 300.00
1.3 (ii) Saving
Service Charge
BDT 200.00
1.3 (iii) All Schemes and FDRs
Service Charge
No Charge
1.4 Account Transfer charge
1.4 (i) STD/CD
Service Charge
BDT 300.00
1.4 (ii) Saving
Service Charge
BDT 200.00
1.4(iii) Account under Schemes (MSS and PFSD)
Service Charge
1.5 Remittance (Inland)
1.5(i) Issue of DD*/TT
Commission
@ 0.10%
Minimum
BDT 50.00
Telephone Charge for TT
Charge
BDT 50.00
1.5(ii) Cancellation of DD/TT*
Charge
BDT 200.00
1.5(iii)

Issue of Pay-Order*/Security Deposit Receipt (SDR)**

 

Cancellation and/or issue of Duplicate Pay Order/Security Deposit Receipt (SDR)**

 

Charge
i) Up to BDT 10,000-BDT 25.00
ii) Above BDT 10000 to 100000 BDT 50.00
iii) Above BDT 100000 to 100 crore BDT 100.00
1.6   Issue of Duplicate Instruments (except PO/SDR)
Charge
BDT 300.00
1.7   Standing Instruction
Charge
i) BDT 100.00 for execution of each instruction.
ii) No Standing Instruction charge for transfer of balance from any deposit account to Scheme Account(s).

 

Note:

 

1.
 
  1. Bank will charge commission of BDT 10.00 (ten) only for issuing Draft/Pay Order (not exceeding BDT 1,000.00) in connection with application by the student/unemployment youth for employment.
2.
  VAT will be realized as per Government Rules.
3.
  Cancellation Charge for DD/Pay-Order-Up to BDT 500.00- Free; Above BDT 500.00-BDT 200.00.

 

 

Service
Nature of Charge
Revised/Existing rate of Commission/Charge
1.8 Issue of Guarantee

Commission/ Service Charge                   

i) 0.60% per quarter or part thereof
ii) No commission in case of 100% cash margin
iii) Service Charge of BDT 750.00 per instance
1.9 Incidental charge (excepting employees account)
1.9 (i) Current and STD Account
Charge
No Charge
1.9 (ii) Saving
Charge
No Charge
1.9 (iii) Limit less than BDT 1.00 Lac
Charge
No Charge
Limit from BDT 1.00 Lac to BDT 1.00 Crore
Limit above BDT 1.00 Crore
Cancellation of DD/TT*
1.10 Account Maintenance   Fee (except staff A/C)
1.10 (i) Current and STD Account
Charge
BDT 500.00 half yearly on each account irrespective of Balance
1.10(ii) Saving  

Half yearly Average Balance:

Up to BDT 5,000- Nil,
Above BDT 5,000-25,000 BDT 100

Above BDT 25,000-BDT 300 on half yearly basis
1.10(iii) All Loan Accounts (except Staff Loan)
Limit less than BDT 1.00 Lac
Charge
 
Limit from BDT 1.00 lac to BDT 1.00 crore BDT 800
Limit above BDT 1.00 crore BDT 1,000
1.11 Locker Service
Rent (Annual)
i) Small- BDT 2,000.00
ii) Medium- BDT 4,000.00
ii) Large - BDT 5,000.00

Security Deposit
(Refundable)

i) Small- BDT 2,000.00
ii) Medium- BDT 4,000.00
iii) Large - BDT 5,000.00
Replacement of Key
BDT 4,000.00
Closing Charge
Nil
1.12 Miscellaneous Service
1.12 (i) Stop Payment Instruction
Service Charge
BDT 100.00
1.12(ii) Issue of Certificate to Customers
Service Charge
BDT 200.00
1.12(iii) Issuance of BO Certificate
Service Charge
BDT 100.00
1.12(iv) Issue of Account Statement
Service Charge
BDT 25.00 per instance
1.12(v) Issue of Balance Confirmation Certificate
Service Charge
Yearly & Half-Yearly free. But more than that BDT 200 for each instance thereof.
1.13 Charges of Credit Operation
1.13 (i)
Loan Against all Schemes / FDR / Share / all other Securities
Processing Fee
SOD Against MSS is free, and against other Financial obligation except MSS is free up to Loan Limit of BDT 1 Lac, but above 1 Lac BDT 500 per sanction/renewal/enhancement 
1.13(ii) Loan Processing Fee (Sanctions/renewal/enhancement/extension)
Up to  BDT 25,00,000.00
Processing Fee
BDT 3000.00
BDT 25,00,001-50,00,000
Processing Fee
BDT 5000.00
BDT 50,00,001-1 crore
Processing Fee
BDT 7500.00
Above BDT 1.00 crore
Processing Fee
BDT 10,000.00
1.13(iii) Upfront Fees ( structured finance/syndication)
Commission
@0.25%-1.00% of loan amount
1.13(iv) Commitment Fee (For credit line)
Commission
0.10% on undisbursed amount
1.13(v) Early Settlement Fee ( For all loans)
Commission
2.00% on undisbursed amount
1.13(vi) Price of Loan Application Form
Charges
i) BDT 200.00 for loan under Schemes
ii) For other loans BDT 500.00
1.13(vii) CIB Charge
Charges
At Actual
1.13(viii) Others (not specified above)

Commission/

Charges

To be fixed by the Management
1.4 On-line Charges
1.14(i)
Inter city* (per instance) for Deposit, withdraw or A/C to A/C transfer.
Commission / Charges Nil
1.14(ii)
MSS (Per instance) if deposited in other Branch
Commission / Charges Nil
1.14(iii) On-line Service Charge
  Current/STD/and cheque bearing loan account
Service Charge
BDT 100.00 half yearly against account (for branches with On-line facilities)
  Saving Account
Service Charge
BDT 50.00 half yearly against account (for branches with On-line facilities)
1.14(iv)
Collection of other Branch cheque through clearing house
Service Charge
Nil

 

 

Note *** Issue of Account Statement:

 

Current and STD Account : 1 (One) copy of A/C statement/week : Free

Saving Account : 2 (two) copies of A/C statement/year : Free

Scheme Deposit Account : 2(two) copies of A/C statement/year : Free

 

2. Foreign Trade

Service

Nature of Charge

Revised/Existing rate of Commission/Charge

2.1

Import

2.1.(i)

Commissions for opening of L/C under Cash/AID/Loan/Barter etc.

1st Quarter

Maximum 0.40% (Below 100% Margin) and 0.25% (100% Margin)

Each Subsequent Quarter or part thereof

0.40% (Below 100% Margin) and

0.25% (100% Margin)

2.1.(ii)

Commissions for opening of Back to Back L/C including EDF L/C

1st Quarter

0.40%

Each Subsequent Quarter or part thereof

0.20%

Minimum

BDT 500.00

2.1.(iii)

Accepted Commission (BTB L/Cs)

1st Quarter

0.40% for 1st Quarter

Each Subsequent Quarter or part thereof

0.20% for each Subsequent Quarter or part thereof

2.1.(iv)

Commissions for opening of L/C under deferred payment

Per Quarter / Part thereof

Maximum 0.50% for per quarter or part thereof But minimum BDT 1000.00

Minimum

2.1.(v)

Accepted Commission (Except BTB L/Cs)

For each quarter

0.40% per quarter

2.2

If L/Cs are sent by mail (This shall cover cost of registered mail of Local to Advising Bank)

 

At actual minimum BDT 300

2.3

If L/C transferred by Telex/SWIFT

2.3.(i)

L/C transferred by SWIFT

Foreign

At actual or BDT 2,900.00

Local

At actual or BDT 1,050.00

2.3(ii)

Short form or free format message

Foreign

At actual or BDT 300.00

In-operative L/C transmitted by SWIFT

Local

At actual or BDT 300.00

2.4

Amendment of local L/C by mail (This shall cover cost of registered mail of amendment of Advising Bank)

i) Amendment charge BDT 500.00

ii) Mailing Charge at actual

 

Service

Nature of Charge

Revised/Existing rate of Commission/Charge

2.5

Amendment transmitted by SWIFT

Foreign

At actual or BDT 850.00

Local

At actual or BDT 500.00

2.6

2.6.(i)

If amendment includes increase of value or extension of time, then L/C opening commission for additional time or value shall be recovered as prescribed in the opening stage

As under section 2.1 (i, ii, and iii)

2.6.(ii)

Any amendment of L/C after expiry (excluding Back to Back L/C); fresh L/C opening charges should be realized as per schedule

As under section 2.1 (i, ii, and iii)

2.7

For arranging Add Confirmation from third Bank

2.7.(i)

For Sight L/C on Opener’s A/C

i) Commission Waived

ii) Foreign Correspondent’s

iii) Service Charge at actual minimum BDT 2,000

2.7.(ii)

For Sight L/C on Beneficiary’s A/C

i) Commission Waived

ii) Service Charge at Actual minimum BDT 2,000

2.7.(iii)

For D/P L/C up to 180 days on Opener’s A/Csss

i) Commission Waived

ii) Foreign Correspondent’s actual commission and charges

iii) Service Charge at actual minimum BDT 2,000

2.7.(iv)

For D/P L/C up to 180 days on Opener’s A/C

i) Commission Waived

ii) Service Charge at actual minimum BDT 2,000

Commission / Charges for confirmation of D/P L/Cs over 180 days and sight L/Cs of big amounts

To be quoted by International Division, Head Office by arrangement with the Confirming Bank

 

Service
Nature of Charge
Revised/Existing rate of Commission/ Charge
2.8 Foreign Correspondence charges for all types of L/Cs (Mail as well as Telex/SWIFT) to be paid by openers (if applicable)  
At actual as per schedule of charges Foreign Correspondents (to be realized at the time of L/C opening)
2.9 2.9(i) Foreign Correspondence charge amendments of L/Cs to be paid by openers (if applicable)   At actual as per schedule of charges Foreign Correspondents
  2.9(ii) Service Charges   BDT 500
2.10 L/C cancellation charges or expired unutilized
  2.10(i) By Telex/SWIFT   At Actual as per Scheduled of Charges of Foreign Correspondents (if applicable)
     
Minimum
At Actual or BDT 550
  2.10(ii) By Air Mail   At Actual as per Scheduled of Charges of Foreign Correspondents (if applicable)
     
Minimum
At Actual
2.11 Interest on PAD (Payment against Documents)     As per lending rate fixed by Bank from time to time.
2.12 Collection of credit report of the beneficiary of the L/C (Export/Import)     At actual plus service charge USD 20 per case
     
Minimum
USD 120
2.13 L/C dispatched by Courier (For all L/C irrespective of Original or Amendment)     At Actual
2.14 LCAF issuance charge   BDT 200 per LCAF
2.15 2.15(i) Processing fee for Pre-shipment Inspection   BDT 500 per instances
  2.15(ii) C&F Certificate Issue Charge   BDT 500 per instances
2.16 Handling Charges for settlement of documents of import bills (to be realized from bill value when applicable)   USD 50
2.17 All other charges not mentioned above in connection with opening and advising of L/Cs   At Actual plus BDT 2,000 service charges

 

Service
Nature of Charge
Revised/Existing rate of Commission/ Charge
2.18 Export
2.18(i) Bill (Sight/Usance) Negotiating charges for export bills in foreign currency   No Charges
2.18(ii) Bill (Sight/Usance) Negotiating charges for export bills in foreign currency but proceeds realized in equivalent BDT   No Handling Charges
2.18(iii) Documentary collection bills under all types of L/Cs   Collection charges BDT 500 plus postal / cable / SWIFT Charges at Actual
2.18(iv) Mailing of Export Bill by Courier   At Actual
2.18(v) Advising of Foreign Back L/C to the local Beneficiary   BDT 750
2.18 (vi) Advising of amendment of Foreign Bank L/C of the local Beneficiary   BDT 750
2.18(vii) Transfer of L/Cs   BDT 750 per instances
2.18 (viii) Adding to confirmation to our Bank   0.20% per quarter or part thereof but minimum USD 50
2.18 (ix) Foreign Bank’s Guarantee commission against discrepant bills   At Actual plus Telex/SWIFT charges
2.19 2.19(i) Advising of guarantees to the beneficiary in original without any engagement on our part   BDT 750.00
2.19(ii) Advising of guarantees in original against 100% counter guarantee of Foreign Bank   0.40% per quarter or Part thereof plus cost of stamp, tax, etc
   
Minimum
BDT 2000.00
2.19(iii) Advising of guarantee in our own format or on the format supplied by the opening bank with our full engagement against 100% counter guarantee of Foreign Bank   0.40% per quarter or Part thereof plus cost of stamp, tax, etc
Minimum
BDT 3,000.00

 

Service

Nature of Charge

Revised/Existing rate of Commission/Charge

2.19(iv)

Issuance of Bid Bond / Performance Bond Favoring overseas beneficiary through foreign correspondents at our customer’s request

0.20% per quarter or Part thereof plus Telex/SWIFT/Mail/charges

Minimum

BDT 3,000.00

2.19(v)

Indemnity for shipping guarantees in absence of original documents provided full value of documents provided full value of documents is deposited by the customer

Sight L/C –No Charge but Differed & BTB L/C BDT 750.00 per instance

Endorsement of N/N copy for custom Assessment Purpose

Sight L/C –No Charge but Differed & BTB L/C BDT 750.00 per instance

2.19(vi)

PRC issue charge

BDT 500.00 per instance

2.19(vii)

Exp issue Charge

BDT 150.00 per instance

2.19(viii)

Issue of Certificate

i) For BTB L/C

BDT 500 per instance

ii) For Bond license, Forced Loan and others

BDT 500 per instance

2.20

Foreign Remittances

2.20(i)

Purchase of Foreign Bank drafts drawn abroad

0.25% per USD, 0.35% per GBP and per Euro Plus actual Telex/postal/SWIFT charges

Minimum

BDT 500.00

2.20(ii)

Encashment charges for encashment of foreign TT at our counter (For wage earners remittance)

FREE

(Branch will debit Head Office @ TT clean plus 0.10 paisa per Foreign Currency)

Encashment charges for encashment of foreign TT at our counter (For other remittance)

Up to BDT 1,00,000-Charge BDT 200.00

Up to BDT 1,0

0,001 to BDT 5,00,000 Charge BDT 500.00

Above BDT 5,00,000- Charge BDT 1,000.00

 

Service

Nature of Charge

Revised/Existing rate of Commission/Charge

2.20(iii)

Collection of clean items (inward)

Commission 0.15% but minimum BDT 300.00 plus postage/cable charges

Minimum

BDT 300.00

2.20(iv)

Issuance of TC and Endorsement in passport

0.75% plus BDT 200.00 Endorsement Charges

2.20(v)

Issuance of FC (cash) and Endorsement in passport

0.50% plus BDT 200.00 Endorsement Charges

2.20(vi)

Transaction in FC A/c by Nominee/Account holder

FREE

2.20(vii)

Remittance by TT (FC) through foreign correspondents

i) Service charge BDT 1,000.00

Minimum

ii) SWIFT charge at actual

2.20(viii)

Cancellation of drafts in foreign currencies

Service charge BDT 300.00 plus postage, telex/SWIFT charges at actual

  Issuance of FC Drafts on foreign/local correspondents i) BDT 1,000.00 for each instrument against local currency
ii) BDT 500.00 for issuing each instrument by debiting  F/C with us

 

Service

Nature of Charge

Revised/Existing rate of Commission/Charge

2.22

Miscellaneous

2.22(i)

Opening of Student file for study abroad

i) BDT 5,000.00 at the time of opening and BDT 500.00 for each subsequent transactions as service charge

ii) BDT 6,000.00 (if prior approval/ communication with Bangladesh Bank is needed)

2.22(ii)

Correspondence charge for seeking Buying House/Indenting Firm permission from Bangladesh Bank

i) BDT 6,000.00 (for each permission), BDT 5,000.00 for each subsequent permission of the same customer

ii) BDT 3,000.00 as yearly service charge

2.22(iii)

Cash incentive handling Charge

a) Traditional items (Jute, Jute goods etc)

Up to BDT 5,00,000.00 -BDT 2,500, Above 5,00,000.00 to 10,00,000.00-BDT 3,500, Above 10,00,000-BDT-4,500.00

b) Non- Traditional Items (Garments etc.)

Up to BDT 5,00,000.00 -BDT 3,000, Above 5,00,000.00 to 10,00,000.00-BDT 4,000, Above 10,00,000-BDT-5,000.00

2.22(iv)

Other not mentioned above (Cash Incentives Handling Charge)

BDT 3,000.00 per case

 

Note: Managing Director & CEO (in absence AMD/DMD) will have the discretion to change (enhance/reduce/waive) the commission /charge according to Banker-Customer relationship.

 

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